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CryptoBooster X BictoryFinance AMA Recap on September 14th



Part 1 β€” Introduction and questions from the Twitter retweet

Car Marz | CryptoBooster:

Today we have the amazing Bictory project, A pioneer in the Concordium ecosystem

Let's get into it..

Good day all and @PatriotBen it is an honour to have you here with us today.. Can you tell us a bit about yourself and this amazing project Bictory?

PatrioBen | Bictory Finance:

Thank you! Team Bictory Finance is happy to be here! πŸ™‚

It is nice to meet you. I've worked with many different jobs in the past, mostly labor and construction while trying to figure out what I wanted to do for a career. Eight years ago I started working in the IT/Software field. A few years back a co-worker introduced me to crypto and I started mining it with my graphics card. I've been hooked ever since. I have worked on marketing for cryptocurrencies with Kelvin and he introduced me to Bictory. I'm really excited for what they have in store. It is going to be a lot of fun!

Bictory finance is set to develop a suite of financial products that enables Developers, Liquidity Providers, Traders within Concordium Ecosystem to raise capital, provide liquidity and trade crypto respectively. Bictory Finance, is a Crowdfunding Platform and a Hybrid Exchange (DEX and CEX) that will provide the most suitable substrate for crypto startups to develop in a convenient ecosystem.

We aim to be a well regulated, secure platform for trading with lowest fees.

Car Marz | CryptoBooster:

Thanks a lot great introduction and amazing to have you here. So let's move to our Twitter questions

Let's go... First one πŸš€πŸš€πŸš€

@Ductrung753951

How profitable is #Bictory sustain your project? What is your business model? How can you bring mutual benefits for both your investor and your project?

Kelvin Emmra | Bictory Finance:

Let me drop my intro first since i haven't had the opportunity to do that yet

My name is Kelvin Emmra, the Community Marketing Manager for Bictory Finance. I am from Ghana in West Africa, a nurse by profession and I have been in this industry for over 5 years. I have served in the roles as a Content creator for CryptoAdventure Marketing Firm, Business Developer for DAO Maker, Moderated renowned communities of several crypto projects. I happen to be part of the early members of Concordium Blockchain during its testnet stages together with the Project Lead of Bictory Finance. He saw the huge potential in Concordium and invited me to support him when he announced his intentions of building Bictory Finance and I’m happy as I love to see startups grow and be fruitful.

now unto the question

We believe Bictory Finance is a full ecosystem and securing enough funds to build the products is something we can never take out of the equation. We are well funded and have raised over $3.15M in three rounds of fund raising (Seed round, Private Sale A and B). Currently, we are close to closing in on Private Sale C round which is still currently ongoing at a price of $0.75. Anyone willing to participate can do so by sending an email to bt@bictory.io

In addition, we have also applied for Concordium Grant which we're very confident we will get it. Once the endorsement comes from Concordium it also open several doors for other Venture Capitals to support with funds.

We have also tie in several revenue generating features within our ecosystem such as:

Earning from integration fees, trading fees, advertisements and promotions with the use of our products being it the CEX, DEX, Crowdfunding Platform. Core team has also planned several revenue models which can't be shared at the moment but rest assured funding is not something we are bothered about at all. We're comfy ☺️

Car Marz | CryptoBooster:

Massive, πŸ™πŸ™... Apologies @kemmra I didn't see you so I thought you might not join πŸ˜…

Great reply..

Let's get on with the 2nd one then as we are already warmed up πŸŒͺπŸŒͺπŸŒͺπŸŒͺ

@anhquang1905

How is #Bictory_finance development going? Can you describe in detail the current development efforts, the market expansion plans, the expected applications and when they will be commercially available?

PatrioBen | Bictory Finance:

Development is going well. We have a great team consisting of frontend developers, backend developers, and product developers. We have plans to release our CEX alpha first to our early investors, after which we will expand into a beta phase followed by the full CEX launch. We also have our other projects being built which will follow. We are currently testing the Alpha internally.

We have dozens of members in Bicory finance team present, we have Joha who is the Project Lead, Agbona - Operations Lead, Ben - Marketing lead and Kelvin who works as our Community Marketing Manager. Vast majority of the Bictory team have been in the crypto space since mtgox exchange times, and have worked with projects such as Beam Privacy, Concordium, Avalanche, Kylin Network, CoinMargin, Unipool DAO, SWN GLOBAL, Korea Bitcoin Center and several other blockchain projects.

Car Marz | CryptoBooster:

Nice question and impressive reply, thank you for that πŸ™πŸ™

Let's move to number 3 then..

@JustinTimber431

Bictory's goals are different from current lending platforms, #Bictory aims to be the crypto asset lending platform for non-merchants. But why? How can you promote the adoption of capitalization and loans for non-merchant users and what advantages can it provide for them?

Kelvin Emmra | Bictory Finance:

That's a good one but unfortunately and within our current roadmap we don't have plans of building a lending and borrowing platform. Bictory Finance is building a CEX, a DEX and a Crowdfunding platform first and foremost for the Concordium Community with plans on going cross chain with some of the major networks out there such as Solana, Avalanche, Elrond, etc.

it will be great to have you all join in at @bictoryfinance to see what we're building πŸ’ͺ

Car Marz | CryptoBooster:

Please do join guys, to learn more about this great project..

If I may, will you also be having a launchpad for launching other projects in the Concordium ecosystem...

additional question πŸ˜…

Kelvin Emmra | Bictory Finance:

that's right, our Crowdfunding platform will serve to bootstrap all other concordium based projects with funding from the community, community growth and also interconnecting them with other projects for growth.

At the end of the day, we will have thriving ecosystem to support all these developers looking to build on top of the concordium blockchain.

Car Marz | CryptoBooster:

Thanks a lot, that was not for the reward.. But I think it is very important information, and a good reason to get into Bictory early..

new ecosystem to be built...

Kelvin Emmra | Bictory Finance:

Absolutely, and we are one of the first movers on the Concordium blockchain network with huge support from the concordium community.

Car Marz | CryptoBooster:

Next one now... πŸ™ŒπŸ˜ƒ

@I_am_Miley2

How important is the community to Your project? and How can we collaborate or help share token for the development of the project?

PatrioBen | Bictory Finance:

Community is key. Without you, our community, we wouldn't have a project. We are working to grow our project organically. We want to bring people into our community that are real, not bots or bounty hunters looking to move on to the next payday. We have plans to have an ambassador program once we launch our CEX. If this is something you are interested in please join ou community @BictoryFInance and get to know us. Those who are selected will be those who we have seen around and who have been helpful to others. We want everyone who is willing to join us and get to know us. πŸŽ‰

We are always willing to listen to suggestions from our community as well. We want to build products that are user friendly and have the features you are looking for.

Car Marz | CryptoBooster:

Thanks a lot πŸ™πŸ™nice to see that you know the value of the community and always want to listen...

this is key...

now let's move to the last Twitter question for the day...

@V8Quang

How do you keep your platform safe for Investors and is your platform protected from hackers? And how do you manage if there is an attack on your platform, including the personal data of your platform users? Is your platform ready for this?

PatrioBen | Bictory Finance:

We have internal security audits and processes, and we will also be having 3rd party audtits to ensure the security of our platforms. With the ID layer we will be utitilizing from Concordium, it makes it easier and more secure to login/logout, without having to share your personal information. The ID layer represents your real world ID, but it uses Zero Knowledge Proof so that you aren’t sharing your information with Bictory Finance. Concordium also has a 2 layer consensus approach. With this 2 layer consensus, if there is an attack on the network it doesn’t slow down or stop. These things are paramount to security. Bictory Finance will not store a users identity information due to the technology of Concordium and the ID Layer. πŸ™‚

and yes, we are ready!

Car Marz | CryptoBooster:

Thanks a lot.. Safety is always important..

and it is great to see that you got that well covered πŸ”₯πŸ”₯πŸ”₯πŸ”₯

Part 2 β€” Live questions from the Telegram community

Q1 from Telegram username @giayan12

Token burning is beneficial to any project because it can control the number of tokens in circulation and provide investors with greater incentives. Does your great project have a plan for token burning?

PatrioBen | Bictory Finance:

We don't have plans for a token burn right now, but it is certainly something we are considering in the future. Our team takes all factors into consideration and this is certainly an option we are aware of.

Speaking of the $BT token, if you are interested in our Private Sale. all you need to do is to send an email through bt@bictory.io with your interest and you would be taken through the process to join the ongoing private sale round C.

Q2 from Telegram username @binhdoco

Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on? Please share with us!!

PatrioBen | Bictory Finance:

We will be providing a safe place for both institutional investors as well as everday traders which also has low fees. This is something that is missing currently in the market because there is no trust. There are no other platforms like Bictory Finance that have security and regulation built in from the ground up.

Q3 from Telegram username @cryptoACE00

Can you share your fundraising situation and how your private and public offering tokens are distributed? And what are the plans for the next IEO? What should we prepare if we want to participate?

PatrioBen | Bictory Finance:

We have currently raised over 3 million dollars in both our Seed Sale and our Private Sales. The tokens are vested over time. We will have our public sale on our own crowdfunding platform as part of the TGE in Q4. If you are interested in investing all you need to do is to send an email through bt@bictory.io with your interest and you would be taken through the process to join the ongoing private sale round C.

Q4 from Telegram username @quas12z

Which one of these aspects is important for you?

a-Increasing Token Price & Value

b-Empowering Platform Development

c-Building Community Trust

d-Expanding Partnership Globally

In what order?

Kelvin Emmra | Bictory Finance:

This a great question and it's all woven around each other. First of and foremost I will consider Community Trust as paramount to all the others because whatever product we're building we will need a community to use it and once we gain the trust of the community it goes a long way to increase the price and value of our token as most users will not be dumping tokens consistently. Don't forget, in order to win the trust of the community we need to show them some proof of work and hence that's where platform development comes in. We are currently testing the alpha version of the CEX behind close doors and will share with the community very soon. Contributors our sales will have the first look and test it. Anyone willing to have a sneak peak can equally do so by sending an email through bt@bictory.io to be an early contributor

Also, partnerships is something that comes after these two if we are looking to go viral and cross chain with our products. We believe the crypto space needs something that is easy to use and also secured on all grounds.

Q5 from Telegram username @Missedhbdh

Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?

Kelvin Emmra | Bictory Finance:

We took the inspiration from the word Victory. Our Project Lead Joha will definitely love to chat extensively on that in our official group. Join in here @bictoryfinance and you can have a convo with him))

Car Marz | CryptoBooster:

Thanks guys, for replying to these wonderful questions...